On Friday, Tesla, the number one in US stock turnover, closed down 0.77% to $23.734 billion. Tesla Inc. officially launched a new large-scale factory project to produce 10,000 Megapack fixed battery banks per year in Shanghai on Friday. A land acquisition and signing ceremony for the project was held in Shanghai on Friday morning, marking the official launch of what the company called a “milestone project.”

Furthermore, the US National Highway Traffic Safety Administration (NHTSA) announced on Friday that Tesla will recall 120,423 electric vehicles in the US because the car doors may be unlocked after the vehicle collides.

The recall involves Model S and Model X cars manufactured from 2021 to 2023 because these models do not meet specific federal safety standards, particularly in terms of side impact protection. NHTSA also said that Tesla has released an OTA software update to resolve the issue through remote upgrades.

Just last week, Tesla just announced that it will recall more than 2 million of its electric vehicles, covering Model S, Model X, Model 3, and Model Y models, mainly because of the safety hazards of its driver assistance system Autopilot.

However, brokerage firm Wade Bush raised Tesla's target price to 350 US dollars. It is expected that the company's sales volume will increase by 30% next year, and the market value will return to trillion US dollars.

Apple, the third place, closed down 0.55%, trading at US$7.174 billion. According to four people familiar with the matter, Apple has begun negotiations with major news and publishing agencies in recent weeks to seek to use materials from these news agencies when the company develops systems that can generate artificial intelligence. People familiar with the matter said that Apple has proposed a multi-year agreement worth at least 50 million US dollars to obtain authorization for the news article file. These negotiations mark one of the earliest examples of Apple's attempt to catch up with competitors in the race to develop generative artificial intelligence.

Fourth-place Microsoft closed 0.28% higher and traded $6.374 billion. Wells Fargo released its 2024 software industry outlook on Wednesday, believing that the macro environment is stabilizing and that “there is light at the end of the tunnel.” The $2.7 trillion giant Microsoft is the bank's first choice in the software industry, but other companies in this field have some hidden concerns.

Wells Fargo also believes data and artificial intelligence will be the main focus, and Snowflake and Braze will be the first choice in this area.

The fifth place, Nike, closed down 11.83% and traded US$5.047 billion. The sportswear manufacturer lowered its revenue expectations for the current fiscal year. The company said in its earnings report on Thursday that it now expects revenue to rise 1% this fiscal year, lower than previous expectations for mid-single digit growth. The company will also cut costs by more than $2 billion over the next three years.

Nike Finance Director Matthew Friend said on Thursday's earnings call that the new outlook reflects increased headwinds “particularly in Greater China and Europe, Middle East, and Africa.” He also pointed out that weak online store traffic and the strengthening of the US dollar compared to 90 days ago “had a negative impact on the revenue reported in the second half of the year.”

The 8th Berkshire Hathaway Class A stock (BRK.A) closed 0.30% higher and traded US$4.268 billion. According to regulatory documents disclosed on Thursday, Berkshire Hathaway, owned by Warren Buffett, increased its holdings of Occidental Petroleum shares by 5.2 million shares from December 19 to December 21, with a transaction value of US$312.1 million, bringing its shareholding ratio in this oil company close to 28%.

The 10th Google Class A stock (GOOGL) closed 0.76% higher and traded US$3.74 billion. Thirteenth place Google (GOOG) closed 0.65% higher, trading at US$2,632 billion. According to reports, Google Inc. will cut back on its Diversity, Equity, and Inclusion (DEI) program next year.

Also, according to documents disclosed by the US Securities and Exchange Commission (SEC) on December 21, Google CEO Pichai Sundar sold 22,500 common shares on December 20 at an average price of 141.426 US dollars per share, worth about US$3.1821 million.

The US Bitcoin concept stock continued to rise on Friday. The 11th Marathon Patent closed 7.79% higher and traded US$3.12 billion, with a cumulative increase of more than 46% this week. The 12th ranked Coinbase Global closed 4.43% higher and traded US$2,756 billion, with a cumulative increase of 18.65% this week.

The 14th place, Karuna Therapeutics, closed 47.71% higher, with transactions of US$2,211 billion. Bristol-Myers Squibb agreed to buy schizophrenia drug developer Karuna Therapeutics for $14 billion to obtain a treatment that is expected to be marketed.

According to Bristol-Myers Squibb's statement on Friday, the company will buy Karuna with $330 per share in cash, about 53% of the latter's closing price on Thursday.

The 17th NetEase closed down 16.07% and traded US$1,829 billion. The website of the State Administration of Press and Publication published the “Measures for the Administration of Online Games (Draft for Comments)” on Friday, which mentions restrictions on excessive use of games and high spending. Online games must not set inductive rewards such as daily logins, initial recharges, or continuous recharges; online game publishing and business units must not provide or condone high-priced virtual item transactions in the form of hype, auctions, etc.; all online games must set user recharge limits and publicize them in their service rules, and a pop-up warning should be issued for users' irrational consumption behavior.

The news triggered an earthquake within the community. According to industry insiders, at present, it is still a draft for comments, but if implementation hits game companies hard, it will have a real impact on profitability, and the online game operation model may be deeply affected.

Alibaba, number 20, closed down 1.29% and traded at US$1,494 billion.

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